Debt financing
Omnichannel jewellery startup BlueStone raises $9-M from Trifecta Capital
Bengaluru-based Omnichannel jewellery startup BlueStone is raising USD 9 million (about INR 75 crore) in debt from Trifecta Capital. Bluestone will allot ‘Series X1 Debentures’ to Trifecta Venture Debt Fund-III for the amount. The startup intends to use the capital for its business operations and to fund expansion.Founded in 2011 by Gaurav Singh Kushwaha and Vidya Nataraj, BlueStone is an omnichannel jewellery startup that claims to offer more than 8,000 designs across rings, pendants, earrings and other products.In March 2022, BlueStone raised USD 30 million in a funding round led by Hero Enterprises’ Sunil Kant Munjal.
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